This paper uses Chinese firm‐level data to investigate the possible nonlinear spillover caused by export congestion. We argue that there could exist an inverted‐U curve in terms of export spillover effect, resulting from the fact that once exporters become over‐agglomerated, export...

1. Catching up with America / Ross Garnaut -- 2. Cyclical growth rebound and secular consumption patterns / Yiping Huang -- 3. State-owned enterprise reform: has it been effective / Xiaolu Wang -- 4. WTO accession and regional incomes / Tingsong Jiang -- 5. Competition, ownership diversification...

China's engagement in the so-called international fragmentation of production - namely "cross-border dispersion of component production/assembly within vertically integrated manufacturing industries" - has become an increasingly important form of its economic integration into the regional as...

The year 2018 marks 40 years of reform and development in China (1978-2018). This commemorative book assembles some of the world's most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that...

China’s prosperity is at the core of the emerging Platinum Age of global economic growth. Rapid economic growth has been underpinned by expansion in its domestic markets, and the integration of domestic and international markets in goods, services, capital, labour and foreign exchange. Global...

The world and China’s place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever. The crisis has accelerated China’s emergence as a great power. But China and its global partners have yet to think or work through...

China’s Dilemma—Economic Growth, the Environment and Climate Change examines the challenges China will have to confront in order to maintain rapid growth while coping with the global financial turbulence, some rising socially destabilising tensions such as income inequality, an...